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Bank Earnings Forecasts, Risk and the Crisis
Anolli, Mario - 2012
(July 2007 to March 2009) resulting in larger forecast errors. Of our risk indicators only credit risk (5-year CDS spreads … accurate forecasts. Leverage is negatively linked to forecast error as is market volatility which has a differential impact on …
Persistent link: https://www.econbiz.de/10013113856
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The Impact of the Greek Sovereign Debt Crisis on European Banks’ Disclosure and its Economic Consequences
Fiechter, Peter - 2016
Using a sample of European banks, this paper examines the link between disclosure and its economic consequences. We exploit an exogenous cost of capital shock created by the Greek Sovereign Debt Crisis and analyze banks' disclosure responses to this shock. First, we find that European banks...
Persistent link: https://www.econbiz.de/10013007758
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Information Content of Mandated Bank Stress Test Disclosures
Ellahie, Atif - 2018
subsequent equity and credit returns, return volatility, the yield curve, and analyst forecast revisions …
Persistent link: https://www.econbiz.de/10012936798
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The Determinants and Informativeness of Banks’ Return on Tangible Common Equity Disclosures
Campbell, John L.; López-Vilaró, Joe; Shakespeare, … - 2022
We investigate the determinants and informativeness of banks’ ROTCE non-GAAP disclosures. ROTCE is a common performance measure used in the banking industry that adjusts for items ignored by banking industry regulators for capital adequacy assessments (i.e., goodwill, intangible assets,...
Persistent link: https://www.econbiz.de/10014245017
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Informativeness of Value-at-Risk Disclosure in the Banking Industry
Fang, Xiaohua - 2012
Following the Basel Committee's advocacy of value-at-risk (VaR) disclosure in external reports of financial institutions, the U.S. Securities and Exchange Commission issued Financial Reporting Release No. 48 to permit VaR disclosure as one of the most important disclosure approaches for...
Persistent link: https://www.econbiz.de/10013112625
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The effect of bank loan dependence on management and analyst forecasts
Nara, Saori; Noma, Mikiharu - In: The Japanese accounting review : TJAR 9 (2019), pp. 1-30
Persistent link: https://www.econbiz.de/10013459208
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Competition and Voluntary Disclosure : Evidence from Deregulation in the Banking Industry
Burks, Jeffrey J. - 2019
(IBBEA) to examine how increases in competition affect incumbents' voluntary disclosure choices. States implemented the IBBEA … over several years and to varying degrees, allowing us to identify the effect of increased competition on the voluntary … disclosure decisions of both public and private banks. We find that increases in competition are associated with an increase in …
Persistent link: https://www.econbiz.de/10012905565
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Do non-investment bank analysts make better earnings forecasts?
Jacob, John; Rock, Steve; Weber, David P. - In: Journal of accounting, auditing & finance 23 (2008) 1, pp. 23-61
Persistent link: https://www.econbiz.de/10003708032
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The Cost of Capital for Banks : Evidence from Analyst Earnings Forecasts
Dick-Nielsen, Jens - 2020
We use analyst earnings forecasts for banks to extract cost of capital measures. We find that the cost of equity and debt capital are decreasing in the Tier 1 ratio, whereas the total cost of capital is uncorrelated with the Tier 1 ratio. These findings suggest that investors adjust their...
Persistent link: https://www.econbiz.de/10012849740
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Analyst forecast performance on banks : does experience matter?
Du, Lijing; Huang, Jian - In: American journal of finance and accounting 4 (2015/2016) 2, pp. 93-112
Persistent link: https://www.econbiz.de/10011606980